Shinhan Inverse (Korea) Market Value
| 500003 Stock | 2,795 15.00 0.54% |
| Symbol | Shinhan |
Shinhan Inverse 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Shinhan Inverse's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Shinhan Inverse.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Shinhan Inverse on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Shinhan Inverse WTI or generate 0.0% return on investment in Shinhan Inverse over 30 days. Shinhan Inverse is related to or competes with Sam Yang, Lion Chemtech, Intellian Technologies, FoodNamoo, and Daou Data. More
Shinhan Inverse Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Shinhan Inverse's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Shinhan Inverse WTI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 4.16 |
Shinhan Inverse Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinhan Inverse's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinhan Inverse's standard deviation. In reality, there are many statistical measures that can use Shinhan Inverse historical prices to predict the future Shinhan Inverse's volatility.| Risk Adjusted Performance | 0.028 | |||
| Jensen Alpha | 0.0014 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0878 |
Shinhan Inverse WTI Backtested Returns
At this point, Shinhan Inverse is very steady. Shinhan Inverse WTI owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0429, which indicates the firm had a 0.0429% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shinhan Inverse WTI, which you can use to evaluate the volatility of the company. Please validate Shinhan Inverse's Risk Adjusted Performance of 0.028, coefficient of variation of 3512.47, and Semi Deviation of 1.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0937%. Shinhan Inverse has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shinhan Inverse's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinhan Inverse is expected to be smaller as well. Shinhan Inverse WTI right now has a risk of 2.18%. Please validate Shinhan Inverse downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Shinhan Inverse will be following its existing price patterns.
Auto-correlation | 0.60 |
Good predictability
Shinhan Inverse WTI has good predictability. Overlapping area represents the amount of predictability between Shinhan Inverse time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Shinhan Inverse WTI price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Shinhan Inverse price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 3279.34 |
Shinhan Inverse WTI lagged returns against current returns
Autocorrelation, which is Shinhan Inverse stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Shinhan Inverse's stock expected returns. We can calculate the autocorrelation of Shinhan Inverse returns to help us make a trade decision. For example, suppose you find that Shinhan Inverse has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Shinhan Inverse regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Shinhan Inverse stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinhan Inverse stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinhan Inverse stock over time.
Current vs Lagged Prices |
| Timeline |
Shinhan Inverse Lagged Returns
When evaluating Shinhan Inverse's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinhan Inverse stock have on its future price. Shinhan Inverse autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Shinhan Inverse autocorrelation shows the relationship between Shinhan Inverse stock current value and its past values and can show if there is a momentum factor associated with investing in Shinhan Inverse WTI.
Regressed Prices |
| Timeline |
Pair Trading with Shinhan Inverse
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shinhan Inverse position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shinhan Inverse will appreciate offsetting losses from the drop in the long position's value.Moving against Shinhan Stock
The ability to find closely correlated positions to Shinhan Inverse could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinhan Inverse when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shinhan Inverse - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shinhan Inverse WTI to buy it.
The correlation of Shinhan Inverse is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shinhan Inverse moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinhan Inverse WTI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shinhan Inverse can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Shinhan Stock
Shinhan Inverse financial ratios help investors to determine whether Shinhan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Shinhan with respect to the benefits of owning Shinhan Inverse security.